SENS Note - 09 October 2008

MTN - MTN Group Limited - Dealing in securities by a director

MTN MTN MTN - MTN Group Limited - Dealing in securities by a director MTN Group Limited (Incorporated in the Republic of South Africa) (Registration Number 1994/009584/06) (Share code MTN & ISIN ZAE000042164) ("MTN") Dealing in securities by a director Shareholders are referred to the announcements released on SENS on 25 May 2006, 4 April 2007 and 3 December 2007 regarding the forward purchase and zero cost collar concluded over MTN Group shares by a director. The transactions have now been restructured by the respective director and in accordance with rules 3.63 - 3.74 of the Listings Requirements of the JSE Limited ("the JSE"), disclosure of the terms of the restructured and new transactions concluded on 7 October 2008 are set out below. Name of Director: P F Nhleko Date of transactions: 7 October 2008 Bought Put at Strike Price of ZAR 122.34 per share Sold Call at Strike Price of ZAR 129.09 per share Number of Contracts 4 150 000 Expiry 30 November 2009 Forward Price ZAR 98.25 per share Term 13 months Amount of Shares 4 150 000 Class of Security Ordinary Shares of 0.01 cents each Nature of transaction Conclusion of restructured forward purchase and new zero cost collar with commercial bank Nature of Interest Beneficial Prior clearance to enter into the above transaction was obtained in accordance with MTN`s policy with regard to Director`s dealings as well as the Listings Requirements of the JSE. Shareholders are further notified of the following transaction entered into by a director in accordance with rules 3.63 - 3.74 of the Listings Requirements of the JSE and disclosure of the terms of the new transaction is set out below. Name of Director: P F Nhleko Date of transactions: 7 October 2008 Bought Call at Strike Price of ZAR 102.57 per share Sold Call at Strike Price of ZAR 150.00 per share Number of Contracts 5 000 000 Expiry 30 March 2009 Class of Security Ordinary Shares of 0.01 cents each Nature of transaction Conclusion of call spread with commercial bank Nature of Interest Beneficial Prior clearance to enter into the above transaction was obtained in accordance with MTN`s policy with regard to Director`s dealings as well as the Listings Requirements of the JSE. Fairland 9 October 2008 Sponsor Merrill Lynch South Africa (Pty) Limited Date: 09/10/2008 17:45:01 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.